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State Street® SPDR® S&P® Bank ETF

SPDR · US78464A7972

State Street® SPDR® S&P® Bank ETF is an exchange-traded fund (ETF) from SPDR, traded under the ticker KBE (ISIN US78464A7972). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. At its core it is a focused, thematic fund: it concentrates on the financials part of the market, so…

· Tracks the S&P Banks Select Industry Index index ?
Equity ?Unknown Physical ?United States ?
Mid-range feeOwns the shares directlyOtherBroadly spread
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SPDR fundsDomiciled in United StatesUnknownPhysically replicatedOther stocksYearly fee under 0.5%

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Fund size (AUM) ?
€1.4B
1-year return ?
+13.9%
Price Return · to 2026-09-03
Yearly fee (TER) ?
0.35%
All-in cost ≈ 0.00%

About this fund

What you own

The S&P Banks Select Industry Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 105 companies across Other in a single purchase.

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.35%Yearly fee (TER)
0.00%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

Read more

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?
S&P Banks Select Industry Index
Replication ?
Physical
Full — buys every share
Launched
Nov 2005
21-year track record

Performance

57.880.4103126148202120242026

Growth of $100 invested — the line starts at $100.

State Street® SPDR® S&P® Bank ETF

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+13.9%
1 year+13.9%
3 years+20.2%
5 years+6.0%

Return, year by year

-17.2
+1.9
+20.5
+9.4
'22'23'24'25
3 of 4 up yearsBest: 2024 +20.5%Worst: 2022 -17.2%Calendar-year total returns, in USD

How bumpy has it been?

20.6%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-26.9%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
0.81
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

+33.3%
Since inception
Total growth since launch — about +5.7% a year.
+65.6%
Best 12 months
The strongest one-year stretch on record.
-36.0%
Worst 12 months
The weakest one-year stretch on record.
-47.2%
Worst fall on record ?
It clawed back in about 18 months.

What's inside

By sector ?

Financials87.3%
Cash/Other11.7%
Corporate0.9%

The 10 biggest holdings make up 10.9% of the fund — the rest is spread across roughly 95 more companies.

Top 10 holdings

#CompanyWeight
1BANCORP INC/THE1.1%
2COREBRIDGE FINANCIAL INC1.1%
3EQUITABLE HOLDINGS INC1.1%
4JACKSON FINANCIAL INC A1.1%
5NICOLET BANKSHARES INC1.1%
6NMI HOLDINGS INC1.1%
7MGIC INVESTMENT CORP1.1%
8BANK OF AMERICA CORP1.1%
9WESBANCO INC1.1%
10JPMORGAN CHASE + CO1.1%

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
NYSEKBEUSD★ Primary
USD listings
B2KBEUSDUSD
B4KBE1USD
E1KBE1USD
E1KBEGBXUSD
E1KBERUBUSD
EPKBE1USD
EUKBERUBUSD
EUKBEGBXUSD
EUKBE1EURUSD
EUKBE1USD
EZKBE1USD
LSE0L17USD
MFKBE*USD
MMKBE*USD
MUKBE*USD
NYSE ArcaKBEUSD
OCKBEUSD
ODKBEUSD
TH4JZ2USD
UAKBEUSD
UBKBEUSD
UCKBEUSD
UDKBEUSD
UFKBEUSD
UMKBEUSD
USKBEUSD
UTKBEUSD
UXKBEUSD
VFKBEUSD
VGKBEUSD
VJKBEUSD
VKKBEUSD
VTKBEUSD
VYKBEUSD
X1KBERUBUSD
X2KBE1USD
X2KBERUBUSD
X9KBE1USD
XAKBERUBUSD
XAKBEGBXUSD
XAKBE1USD
XBKBE1USD
XEKBERUBUSD
XEKBEGBXUSD
XEKBE1USD
XFKBE1USD
XFKBEGBXUSD
XFKBERUBUSD
XGKBERUBUSD
XGKBEGBXUSD
XGKBE1USD
XHKBE1USD
XHKBEGBXUSD
XHKBERUBUSD
XJKBERUBUSD
XJKBEGBXUSD
XJKBE1USD
XLKBE1USD
XLKBEGBXUSD
XLKBERUBUSD
XOKBE1USD
XOKBEGBXUSD
XOKBERUBUSD
XQKBERUBUSD
XQKBEGBXUSD
XQKBE1USD
XSKBE1USD
XSKBEGBXUSD
XSKBERUBUSD
XTKBEGBXUSD
XTKBE1USD
XUKBE1USD
XUKBEGBXUSD
XUKBERUBUSD
XVKBERUBUSD
XVKBEGBXUSD
XVKBE1USD
XWKBE1USD
XWKBEGBXUSD
XWKBERUBUSD
XXKBERUBUSD
XXKBEGBXUSD
XXKBE1USD
XZKBE1USD
XZKBEGBXUSD
XZKBERUBUSD
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-09-03 · the fund's own published holdings.

#CompanyWeight
1BANCORP INC/THE1.1%
2COREBRIDGE FINANCIAL INC1.1%
3EQUITABLE HOLDINGS INC1.1%
4JACKSON FINANCIAL INC A1.1%
5NICOLET BANKSHARES INC1.1%
6NMI HOLDINGS INC1.1%
7MGIC INVESTMENT CORP1.1%
8BANK OF AMERICA CORP1.1%
9WESBANCO INC1.1%
10JPMORGAN CHASE + CO1.1%
11FIRST BANCORP PUERTO RICO1.1%
12PARK NATIONAL CORP1.0%
13BANK OF NEW YORK MELLON CORP1.0%
14CULLEN/FROST BANKERS INC1.0%
15ESSENT GROUP LTD1.0%
16SEACOAST BANKING CORP/FL1.0%
17NORTHERN TRUST CORP1.0%
18FB FINANCIAL CORP1.0%
19PINNACLE FINANCIAL PARTNERS1.0%
20US BANCORP1.0%
21SOUTHSTATE BANK CORP1.0%
22EASTERN BANKSHARES INC1.0%
23CITIZENS FINANCIAL GROUP1.0%
24AXOS FINANCIAL INC1.0%
25UMB FINANCIAL CORP1.0%
26M + T BANK CORP1.0%
27SERVISFIRST BANCSHARES INC1.0%
28POPULAR INC1.0%
29HOME BANCSHARES INC1.0%
30ASSOCIATED BANC CORP1.0%
31ROCKET COS INC CLASS A1.0%
32VOYA FINANCIAL INC1.0%
33HANCOCK WHITNEY CORP1.0%
34OLD NATIONAL BANCORP1.0%
35REGIONS FINANCIAL CORP1.0%
36BANNER CORPORATION1.0%
37FIRST BUSEY CORP1.0%
38CVB FINANCIAL CORP1.0%
39FIFTH THIRD BANCORP1.0%
40WEBSTER FINANCIAL CORP1.0%
41BOK FINANCIAL CORPORATION1.0%
42PNC FINANCIAL SERVICES GROUP1.0%
43WSFS FINANCIAL CORP1.0%
44ATLANTIC UNION BANKSHARES CO1.0%
45COMMERCE BANCSHARES INC1.0%
46CUSTOMERS BANCORP INC1.0%
47UNITED BANKSHARES INC1.0%
48SIMMONS FIRST NATL CORP CL A1.0%
49ZIONS BANCORP NA1.0%
50WELLS FARGO + CO1.0%
51CATHAY GENERAL BANCORP1.0%
52FIRST FINANCIAL BANCORP1.0%
53BEACON FINANCIAL CORP1.0%
54NORTHWEST BANCSHARES INC1.0%
55TOWNE BANK1.0%
56PROVIDENT FINANCIAL SERVICES1.0%
57FIRST CITIZENS BCSHS CL A1.0%
58FULTON FINANCIAL CORP1.0%
59UNITED COMMUNITY BANKS/GA1.0%
60TRUSTMARK CORP1.0%
61FNB CORP1.0%
62FIRST INTERSTATE BANCSYS A1.0%
63COLUMBIA BANKING SYSTEM INC1.0%
64HUNTINGTON BANCSHARES INC1.0%
65TRUIST FINANCIAL CORP1.0%
66APOLLO GLOBAL MANAGEMENT INC0.9%
67ENTERPRISE FINANCIAL SERVICE0.9%
68VALLEY NATIONAL BANCORP0.9%
69EAST WEST BANCORP INC0.9%
70PATHWARD FINANCIAL INC0.9%
71FIRST FINL BANKSHARES INC0.9%
72WINTRUST FINANCIAL CORP0.9%
73FIRST MERCHANTS CORP0.9%
74RADIAN GROUP INC0.9%
75INDEPENDENT BANK CORP/MA0.9%
76TRIUMPH FINANCIAL INC0.9%
77PROSPERITY BANCSHARES INC0.9%
78FIRST HORIZON CORP0.9%
79KEYCORP0.9%
80RENASANT CORP0.9%
81WAFD INC0.9%
82CITIGROUP INC0.9%
83GLACIER BANCORP INC0.9%
84AMERIS BANCORP0.9%
85BANK OZK0.9%
86BANK OF HAWAII CORP0.9%
87WESTERN ALLIANCE BANCORP0.9%
88TEXAS CAPITAL BANCSHARES INC0.9%
89COMMUNITY FINANCIAL SYSTEM I0.9%
90BANCFIRST CORP0.9%
91STOCK YARDS BANCORP INC0.9%
92BANC OF CALIFORNIA INC0.9%
93FIRST HAWAIIAN INC0.9%
94BANKUNITED INC0.9%
95FLAGSTAR BANK NA0.9%
96INTERNATIONAL BANCSHARES CRP0.9%
97PENNYMAC FINANCIAL SERVICES0.9%
98OFG BANCORP0.8%
99FIRST BANCORP/NC0.8%
100N B T BANCORP INC0.8%
101HILLTOP HOLDINGS INC0.8%
102WALKER + DUNLOP INC0.7%
103LAKELAND FINANCIAL CORP0.6%
104SSI US GOV MONEY MARKET CLASS0.1%
105US DOLLAR0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 20% of similar ETFs📈 Higher 1-yr return than 100%📈 Higher 3-yr return than 75%📈 Higher 5-yr return than 50%📊 Beat its category by 9.8% (1-yr) (category average +4.2%)📊 Beat its category by 6.8% (3-yr) (category average +13.3%)📊 Beat its category by 1.9% (5-yr) (category average +4.1%)

Versus the Equity (stocks) · Other · Financials · USD ETFs we track.

Advanced risk

1.22
Sortino (3y) ?
0.75
Calmar (3y) ?
14.6%
Downside deviation ?
58%
Up months (hit rate) ?
$71.67
52-week high ?
$55.09
52-week low ?

Concentration depth

~103 ?
Effective number of holdings

Roughly 105 companies are held, but the largest names carry most of the weight — so it behaves like ~103 equal-sized positions.

Tilt vs a world tracker

Financials+71.1
Technology-29.2
Cash/Other+11.7
Industrials-11.6
Health Care-9.3
Consumer Discretionary-9.0

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Other stocks
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Why it's similarThis is the fund on this page.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
Index trackedS&P Banks Select Industry IndexTechnology Select Sector IndexFTSE Developed ex US IndexFinancial Select Sector IndexHealth Care Select Sector IndexEnergy Select Sector IndexIndustrial Select Sector Index
Yearly fee (TER)0.35%0.08%0.03%0.08%0.08%0.08%0.08%
All-in cost0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Fund size€1.4B€103.9B€56.3B€47.5B€38.2B€36.5B€27.2B
DomicileUnited StatesUnited StatesUnited StatesUnited StatesUnited StatesUnited StatesUnited States
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+20.2%+28.4%+13.9%+18.7%+8.2%+12.1%+18.2%
5-yr return p.a.+6.0%+18.6%+6.7%+8.6%+4.5%+22.1%+11.2%
# holdings105761,49480632486

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Data as of 2026-09-03 · Source: issuer data, compiled by Finance Hamster

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